PRE-MARKET CHINESE STOCKS NEWS: ChangXin Memory Technologies (688825 CH) memory chips are being tested by Apple (AAPL) across products including iPhones and MacBooks
Asia Cement China (743 HK) - Co. prelim. H1 (CNY) net loss 94mln (prev. profit 114mln Y/Y), rev. 2.29bln (prev. 2.50bln Y/Y). (Newswires)
ChangXin Memory Technologies (688825 CH) - Co.’s memory chips are being tested by Apple (AAPL) across products including iPhones and MacBooks as Apple looks to mitigate component shortages driven by the AI boom. (Newswires)
GAC Group (601238 CH) - Co. July vehicle production rose 30% Y/Y to 32.4k, while sales rose 14% Y/Y to 28.6k. (Newswires)
Greentown China Holdings (3900 HK) - Co. H1 (CNY) net expected at 50-100mln (prev. 210mln Y/Y), citing factors including lower ASPs. (Newswires)
Guotai Junan International (1788 HK) - Co. received a conditional privatisation proposal from parent Guotai Haitong Financial Holdings at HKD 3.00/shr. (Newswires)
Kinetic Development Group (1277 HK) - Co. H1 (CNY) net expected to rise 31-40% Y/Y to 730-780mln. (Newswires)
Longfor Group (960 HK) - Co. July (CNY) contracted sales 1.39bln (prev. 4.01bln Y/Y). (Newswires)
Moore Threads Technology (688795 CH) - Co. plans to list in Hong Kong at an appropriate time after its shares surged more than 420% since its Shanghai debut last year. (Newswires)
Powerlong Real Estate Holdings (1238 HK) - Co. July (CNY) contracted sales 550mln (prev. 582mln Y/Y). (Newswires)
Other News
PBoC said on Sunday that it will continue to implement a moderately loose monetary policy in H2, strengthen counter-cyclical adjustment, and take solid steps to promote sustained and improved economic development. (China Economic Net)
China issued a red alert ahead of Typhoon Dolphin, with more than 1,000 flights cancelled and some rail services suspended. (Newswires)
Data Recap
Chinese CPI M/M (Jul) -0.1% vs. Exp. 0.2% (Prev. -0.3%).
Chinese CPI Y/Y (Jul) 0.5% vs. Exp. 0.8% (Prev. 1.0%).
Chinese PPI Y/Y (Jul) 3.5% vs. Exp. 3.8% (Prev. 4.1%).
Qualification testing by a tier-one buyer is the standard route by which Chinese memory makers have entered premium supply chains, and it has historically preceded volume orders rather than coincided with them; testing stages have run for extended periods and have not always converted. The driver here is the AI-era reallocation of wafer capacity toward high-bandwidth and server DRAM, which has tightened commodity memory supply and pushed OEMs to diversify away from the established Korean and US incumbents. Apple has prior form in dual-sourcing components under shortage conditions, and inclusion of a second supplier typically pressures incumbent pricing power at contract renegotiation rather than displacing volumes outright. The distinction worth drawing is between qualification for legacy or low-power parts and for leading-edge DRAM: the former is achievable for domestic Chinese producers, the latter has remained out of reach. Watchpoints are confirmation of which product lines and chip generations are covered, any corresponding moves in spot and contract memory pricing, and whether US export-control posture toward CXMT shifts, since entity-list treatment has previously interrupted comparable supply relationships.